0175.HK - Geely Automobile Holdings Limited

HKSE - HKSE Delayed price. Currency in HKD
10.840
+0.060 (+0.56%)
At close: 4:08PM HKT
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Previous close10.780
Open10.740
Bid10.840 x 0
Ask10.860 x 0
Day's range10.660 - 11.100
52-week range10.080 - 19.140
Volume35,256,624
Avg. volume50,196,357
Market cap98.796B
Beta (3Y monthly)1.05
PE ratio (TTM)6.80
EPS (TTM)1.594
Earnings date21 Aug 2019
Forward dividend & yield0.35 (3.23%)
Ex-dividend date2019-06-14
1y target est21.74
  • How Does Geely Automobile Holdings Limited (HKG:175) Fare As A Dividend Stock?
    Simply Wall St.

    How Does Geely Automobile Holdings Limited (HKG:175) Fare As A Dividend Stock?

    Today we'll take a closer look at Geely Automobile Holdings Limited (HKG:175) from a dividend investor's perspective...

  • Peugeot Sale Makes Sense for Dongfeng
    Bloomberg

    Peugeot Sale Makes Sense for Dongfeng

    (Bloomberg Opinion) -- France SA’s romance with the Chinese car industry could be nearing its end.Dongfeng Motor Corp., a state-owned giant that runs joint ventures with PSA Group, Nissan Motor Co. and Honda Motor Co., is looking at options for its 12.2% stake in PSA including a sale or bond issuance backed by the stock, people familiar with the matter told Bloomberg News on Thursday.On purely financial terms, such a move makes a great deal of sense. Dongfeng bought the shares as part of a 2014 bailout of the maker of Peugeot and Citroen cars, brokered by the French government. That investment has done rather well: PSA has seen the third-best share performance in Bloomberg’s Global Automobile Valuation peer group over the past five years, after Geely Automobile Holdings Ltd. and Fiat Chrysler Automobiles NV. The 800 million euros ($897 million) Dongfeng spent at the time is now worth around 2.2 billion euros. On top of that, the operational ventures that underpinned the shareholding have seen better days. Listed subsidiary Dongfeng Motor Group Co.’s sales of Peugeot- and Citroen-branded cars fell by about half in the first six months from a year earlier and are running at less than a quarter of their level in 2015. In the key crossover SUV market, models like Citroen’s C5 Aircross and Peugeot’s 4008 have simply failed to catch fire against competition from Asian and domestic rivals.Unless there’s a serious pick-up in the second half, Dongfeng’s PSA production lines, dedicated to turning out as many as 600,000 vehicles a year, will be running at little better than 25% utilization – levels at which it should be hard for the business to make money. Losses at Dongfeng’s PSA venture were already running at the equivalent of $251 million in 2018; it would hardly be surprising if they were worse this year.Management in China clearly see little sign that sales are about to pick up. Dongfeng’s dealer network for PSA-branded cars shrank by almost 80% between 2015 and 2018, and now stands at just 666 outlets compared with 1,186 for Renault-Nissan marques. The showrooms that remain suffer low productivity, shifting an average of 400 PSA vehicles each in 2018 compared with 1,431 at Nissan outlets and 761 at Honda-branded locations. (For what it’s worth, Renault does even worse, on just 204 vehicles).There’s a more proximate issue, too. Cash has been looking a little tight for Dongfeng’s listed subsidiary of late, owing largely to a huge increase in working capital, two years of negative Ebit, and net debt of 2.15 billion euros that was running at 8.1 times Ebitda at the end of December. In the 2018 fiscal year, operating cash flows actually turned negative to the tune of about 1.25 billion euros, a relatively rare event for carmakers that aren’t in the grip of a financial crisis or corporate scandal.Dongfeng still has ample liquidity. Its ratio of short-term assets to short-term liabilities was 1.36 at the end of December, above the industry average. But China’s auto market is grim, with sales declining from a year earlier for 12 straight months even as the government ratchets up pressure to spend money on the switch to electric vehicles. Faced with such headwinds, 2.2 billion euros could come in handy.At present there’s no word that Dongfeng is planning to unwind the JV to manufacture PSA cars in China – but it would probably welcome such an outcome, especially if it could persuade its European affiliate to pay to take more control of the partnership in the manner of the deal last year between BMW AG and Brilliance China Automotive Holdings Ltd.Dongfeng’s partnerships with Nissan and Honda are clearly the better performers, and PSA may feel it needs more of a free hand to turn around its Chinese operation. If a sale of a strategic stake can help ease the path toward that happier outcome, both sides stand to benefit.To contact the author of this story: David Fickling at dfickling@bloomberg.netTo contact the editor responsible for this story: Matthew Brooker at mbrooker1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.David Fickling is a Bloomberg Opinion columnist covering commodities, as well as industrial and consumer companies. He has been a reporter for Bloomberg News, Dow Jones, the Wall Street Journal, the Financial Times and the Guardian.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Geely Automobile Holdings Limited (HKG:175) Is Employing Capital Very Effectively
    Simply Wall St.

    Geely Automobile Holdings Limited (HKG:175) Is Employing Capital Very Effectively

    Today we'll look at Geely Automobile Holdings Limited (HKG:175) and reflect on its potential as an investment. In...

  • China's BAIC buys 5% Daimler stake to cement alliance
    Reuters

    China's BAIC buys 5% Daimler stake to cement alliance

    FRANKFURT/BEIJING (Reuters) - China's Beijing Automotive Group Co Ltd (BAIC) has bought a 5% stake in Daimler, cementing their long-standing alliance after China's Geely emerged as a potential rival by also taking a stake in the German automaker. BAIC has been Daimler's main partner in China for years, operating Mercedes-Benz factories in Beijing through Beijing Benz Automotive.

  • Reuters - UK Focus

    Lotus showcases first pure electric sports car

    British sports car maker Lotus revealed its pure electric "hypercar" on Tuesday, the first completely new vehicle to be launched under the stewardship of Chinese firm Geely which acquired a majority stake in 2017. "It will re-establish our brand in the hearts and minds of sports car fans and on the global automotive stage," said Lotus Chief Executive Phil Popham.

  • Here's Why I Think Geely Automobile Holdings (HKG:175) Is An Interesting Stock
    Simply Wall St.

    Here's Why I Think Geely Automobile Holdings (HKG:175) Is An Interesting Stock

    Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of...

  • Reuters - UK Focus

    LIVE MARKETS-Closing snapshot: Europe closes at 2-week low

    * European stocks fall after pharma stocks slide * STOXX 600 closes down 0.1%, healthcare stocks weigh: Siemens Healthineers -6% * Autos drag Germany's DAX 0.3% lower * UK housebuilders rise on upbeat survey * Indivior soars after lifting profit guidance, Reckitt rises after U.S. settlement Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. Reach him on Messenger to share your thoughts on market moves: thyagaraju.adinarayan.thomsonreuters.com@reuters.net CLOSING SNAPSHOT: EUROPE CLOSES AT 2-WEEK LOW (1601 GMT) Profit taking in pharma stocks has derailed the Powell-induced gains, pushing the STOXX 600 into the red in late afternoon trade and to its lowest close since June 28.

  • Reuters - UK Focus

    LIVE MARKETS-Health check for pharma as U.S. shifts focus to high drug prices

    * European stocks fall after pharma stocks slide * STOXX 600 down 0.2%, healthcare stocks weigh: Siemens Healthineers -7% * Autos drag Germany's DAX 0.3% lower * UK housebuilders rise on upbeat survey * Indivior soars after lifting profit guidance, Reckitt rises after U.S. settlement Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. Reach him on Messenger to share your thoughts on market moves: thyagaraju.adinarayan.thomsonreuters.com@reuters.net HEALTH CHECK FOR PHARMA AS U.S. SHIFTS FOCUS TO HIGH DRUG PRICES (1527 GMT) European pharma stocks are taking a hit this afternoon on worries that U.S. Congress will now look at doing something about high drug prices.

  • China tech giant Baidu partners with Geely, Toyota
    Reuters

    China tech giant Baidu partners with Geely, Toyota

    China's top search engine operator Baidu Inc has joined hands with Zhejiang Geely Holding Group and Japan's Toyota Motor Corp to cooperate on areas related to artificial intelligence (AI) amid a push for self-driving cars. Under their partnership, Geely [GEELY.UL] and Toyota have joined Apollo, an autonomous driving platform by Baidu. Baidu will provide Apollo Minibus, a software product for autonomous bus vehicles, to Toyota's e-Palette vehicles in the future, and will work with the automaker to explore more uses of autonomous driving technologies, said Li Zhenyu, vice president of Baidu who is in charge of its intelligent driving unit.

  • China tech giant Baidu partners with Geely, Toyota in self-driving push
    Reuters

    China tech giant Baidu partners with Geely, Toyota in self-driving push

    China's top search engine operator Baidu Inc has joined hands with Zhejiang Geely Holding Group and Japan's Toyota Motor Corp to cooperate on areas related to artificial intelligence (AI) amid a push for self-driving cars. Under their partnership, Geely and Toyota have joined Apollo, an autonomous driving platform by Baidu. Baidu will provide Apollo Minibus, a software product for autonomous bus vehicles, to Toyota's e-Palette vehicles in the future, and will work with the automaker to explore more uses of autonomous driving technologies, said Li Zhenyu, vice president of Baidu who is in charge of its intelligent driving unit.

  • What Should We Expect From Geely Automobile Holdings Limited's (HKG:175) Earnings In The Years Ahead?
    Simply Wall St.

    What Should We Expect From Geely Automobile Holdings Limited's (HKG:175) Earnings In The Years Ahead?

    Geely Automobile Holdings Limited's (HKG:175) most recent earnings announcement in April 2019 revealed that the...

  • Geely plans to retain stake in Swedish truckmaker Volvo - source
    Reuters

    Geely plans to retain stake in Swedish truckmaker Volvo - source

    Li Shufu's Zhejiang Geely Holding Group [GEELY.UL] intends to remain a long-term investor in Swedish truckmaker AB Volvo , a source close to the Chinese firm said, denying media reports that it was gearing up to sell its stake. Geely became Volvo's second largest owner by voting rights last June after assuming an 8.2% stake in the company that came with 14.9% voting rights. The move followed Geely's purchase of a 10% stake in Volvo's main rival Daimler , raising questions in Sweden about its intentions for one of the country's largest employers.

  • Geely is turning to Zenuity as its self-driving software supplier
    TechCrunch

    Geely is turning to Zenuity as its self-driving software supplier

    China-based Zhejiang Geely Holdings is tapping Zenuity, the joint venture between Volvo and Swedish technology company Veoneer, as its preferred driver assistance and autonomous vehicle software supplier for its range of car brands. The decision means Zenuity's software will likely end up in vehicles under the brands Geely Auto, Geometry, Volvo Cars, performance brand Polestar, British carmaker Lotus and the subscription-based automaker Lynk & Co. Geely Holdings' total group sales last year were 2.15 million vehicles, according to the company.

  • China's Geely picks Swedish software firm for driverless cars
    Reuters

    China's Geely picks Swedish software firm for driverless cars

    China's Geely has chosen Zenuity, a joint venture between its Volvo car marque and Swedish technology group Veoneer, as its preferred supplier for assisted and self driving software. Geely's deal, encompassing car brands including Geely Auto, performance brand Polestar, subscription-based electric carmaker Lynk & Co and British sports car maker Lotus, provides a welcome boost for Zenuity. Veoneer said in April it was carrying out a review of Zenuity, which is focused on developing software for assisted driving features (ADAS) such as lane keeping and autonomous driving (AD), and seeking efficiencies from the venture.

  • South Korea's LG Chem to team up with China's Geely on EV batteries
    Reuters

    South Korea's LG Chem to team up with China's Geely on EV batteries

    South Korean battery maker LG Chem Ltd said on Thursday it had signed an agreement to set up a joint venture with China's Geely Automobile Holdings Ltd to produce batteries for electric vehicles. The joint venture would have annual production capacity of 10 GWh by the end of 2021, and its products would be supplied to Geely's electric vehicles from 2022, LG Chem said in a statement. The two parties would invest $94 million each in the venture, LG Chem said in a statement.

  • Should You Be Excited About Geely Automobile Holdings Limited's (HKG:175) 28% Return On Equity?
    Simply Wall St.

    Should You Be Excited About Geely Automobile Holdings Limited's (HKG:175) 28% Return On Equity?

    One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...

  • How Much is Geely Automobile Holdings Limited's (HKG:175) CEO Getting Paid?
    Simply Wall St.

    How Much is Geely Automobile Holdings Limited's (HKG:175) CEO Getting Paid?

    Sheng Yue Gui has been the CEO of Geely Automobile Holdings Limited (HKG:175) since 2006. This analysis aims first to...

  • TV Giants' Tie-Up Is Among the Stranger Things
    Bloomberg

    TV Giants' Tie-Up Is Among the Stranger Things

    On Wednesday, Italy’s Mediaset SpA said it had acquired almost 10 percent of German commercial broadcaster ProSiebenSat.1 Media SE. As I argued with the M7 deal, for Mediaset and ProSieben, there’s absolutely a logic to teaming up. The digital onslaught means that broadcasters are losing viewers to Netflix Inc. and Amazon.com Inc.’s Prime, and hemorrhaging advertisers to Alphabet Inc.’s Google and Facebook Inc. In response, they’re scrambling to build video-on-demand platforms that appeal to their local audiences, and advertising technology offerings to stanch the loss of brands.

  • Do You Know What Geely Automobile Holdings Limited's (HKG:175) P/E Ratio Means?
    Simply Wall St.

    Do You Know What Geely Automobile Holdings Limited's (HKG:175) P/E Ratio Means?

    This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll look at...

  • Reuters

    Daimler's CEO designate will push alliances to cut costs

    Daimler will cut development costs of new Mercedes-Benz cars by a significant amount by 2025 and will intensify alliances with rivals as a way to improve margins, Ola Kaellenius, the future chief executive, said on Monday. "The cost structure of the electric car is above that of the combustion engine car. From where we are now, we need to make a significant step by 2025 in terms of cost," Kaellenius said, declining to provide specific figures.

  • Reuters

    Exclusive: China's BAIC seeks to buy 5 percent Daimler stake - sources

    BEIJING/FRANKFURT (Reuters) - China's BAIC Group is seeking to buy a stake of up to 5 percent in Daimler as a way to secure its investment in Chinese Mercedes-Benz manufacturing company Beijing Benz Automotive, three sources familiar with the matter told Reuters. BAIC informed Daimler of its intention to buy a 4-5 percent stake in the German maker of Mercedes-Benz cars earlier this year, two of the three sources said. BAIC has asked local authorities in Beijing to support a 4-5 percent stake purchase, two of these sources said.

  • Kandi Technologies Group Inc (KNDI) Q1 2019 Earnings Call Transcript
    Motley Fool

    Kandi Technologies Group Inc (KNDI) Q1 2019 Earnings Call Transcript

    KNDI earnings call for the period ending March 31, 2019.

  • Reuters

    BRIEF-Qianjiang's Controlling Shareholder Zhejiang Geely To Transfer All Its Shares To Geely's New Energy Firm

    May 9 (Reuters) - Zhejiang Qianjiang Motorcycle Co Ltd : * SAYS CONTROLLING SHAREHOLDER ZHEJIANG GEELY HOLDING GROUP SIGNS AGREEMENT TO TRANSFER ALL OF ITS 135.0 MILLION SHARES, OR 29.77 PERCENT STAKE, ...

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